Business

Linton's sudden departure sent waves through the cannabis industry with analysts and insiders offering a wide range of speculation on how it will reshape Canopy and the growing pot market.

Linton, who helped build Canopy into the world's most valuable cannabis company, told the media he was "terminated."

Ireland's Health Minister signed legislation last week which will allow citizens to gain limited access to medical cannabis to treat multiple sclerosis, chemotherapy-related illness and epilepsy.

The San Diego-based company currently owns 22 properties in 11 U.S. states and now offers investors a dividend of 60 cents per share.

Canopy Growth Corp. has been the cannabis industry's top dog by market capitalization so far, but U.S. companies are growing fast and could take over top spot.

The Calgary-based cannabis retailer saw its sales jump to $6.6 million during its last quarter when it also opened three stores in Ontario and its 15th location in Alberta under its Canna Cabana brand.

Acreage's CEO Kevin Murphy told Bloomberg some major deals are in the works to allow the New York-based cannabis firm to scale up "dramatically" over the next month.

"I'm excited to bring our first products to Canada and launch KKE Oils. They are an awesome, high-in-THC product that everyone will love," American rapper Wiz Khalifa said.

CBC News reports some black market suppliers are ripping off government-approved packaging and selling imitation products as the real thing in Saskatchewan.

Once operating, KeyLeaf's Canadian facility is expected to be able to process as much as 5,000 kg of cannabis, which will give Canopy more options to produce edibles, concentrates and other derivative products.

An annual report released by Ontario's ombudsman revealed that the OCS received the single most complaints among government organizations in the past year.

The Ottawa based firm has become one of the largest marijuana retailers in Canada, generating more than $40 million in sales since federal legalization began last fall.

Colombia’s Constitutional Court lifted the ban on public cannabis consumption signalling the country, noted for ideal growing conditions and huge export potential, is closer to adult use legalization.

Canada's largest pot producer saw its shares fall 7.6 per cent Friday as analysts expected its Q4 operating expenses of $242.9 million to be much lower.

Both company's shareholders voted more than 99 per cent in favour of Canopy acquiring Acreage in a deal contingent on U.S. federal legalization of cannabis.

Provincial and federal governments earned $186 million in total cannabis-related tax revenue in the first five-and-a-half months following legalization, according to new Statistics Canada data.

The Ontario licensed producer signed a non-binding letter of intent with Elk Grove Farming Company, LLC to form a 50/50 joint venture that will give it access to more than 3,000 acres of farmland in Southern California.

The multi-state medical cannabis operator announced last week it has launched the first-ever credit card for the U.S. legal cannabis industry that's been starved for financial alternatives.

Shopify Inc.'s digital platform will be integrated with ParcelPal Technology Inc. to allow users to order cannabis in major cities across Canada within the next four weeks.

"We’re very clear that when it comes to Canada as a stand-alone business that we expect to be EBITDA positive in the next 18 months," Mike Lee, CFO of Canopy Growth told The Financial Post last week.

The Green Organic Dutchman will supply Neptune with more than 230,000 kg of cannabis and hemp biomass over three years in an extraction deal said to be the largest in Canada.

The Quebec-based cannabis company also announced its U.S. CBD expansion plans for 2020, and it secured a medical marijuana license in Greece.

Houseplant, the cannabis supplier founded by Vancouver-born actor Seth Rogen and fellow screenwriter Even Goldberg, will be bringing its unique brand of marijuana products to Ontario this summer.

The Smith Falls, Ontario-based cannabis producer is doubling down on its investment in U.S. hemp cultivation and now aims to operate processing facilities in seven states within the next 12 months.

The Ohio-based cannabis company inked a deal to open up 70 new CBD stores at shopping centers operated by Brookfield Properties across the U.S.

Harborside Inc., one of the oldest licensed cannabis retailers in the U.S., started trading on the Canadian Securities Exchange on Monday under the ticker symbol HBOR.

The American multi-state cannabis operator will be the third U.S. marijuana firm in the past month to go public on Canada's newest stock market exchange.

The Alkaline Water Company Inc. (TSXV:WTER) (NASDAQ:WTER) announced last week it posted record monthly sales to a tune of $3.8 million in May—and that's without sales of its new hemp-infused water line.

The next big cannabis winners look to own the supply chain, and this first-of-its-kind cannabis logistics company has created a fully integrated omnichannel platform for both businesses and consumers.

Aphria Inc., Aurora Cannabis Inc., OrganiGram Holdings Inc., and Supreme Cannabis Co. will supply Pax with cannabis extracts, distillates, and resin for a new line of vaporizers once they become legal in Canada in October.

The Las Vegas-based cannabis retailer is set to expand in Santa Ana in Orange County once it purchases a sales license and lease from marijuana retailer Newtonian Principles, Inc.

Tweed whittled its Manitoba staff down to 64 from 73 this past week; cannabis industry still sees bright future in province's retail sector

After the Canadian cannabis company announced on Tuesday it plans to be “aggressive” with a U.S. CBD launch, Bank of America Merrill Lynch gave the stock a rare double upgrade to a 'buy' rating from 'underperform.'

The Colorado-based CBD company said its customers have been requesting the popular gummy products and as of Monday three different options--focused on sleep, calm and recovery--are available for online ordering.

The Alberta Gaming Liquor Cannabis (AGLC) announced last Thursday it will be lifting the ban on new cannabis retail licenses as more supply comes online in Canada.

Planet 13 operates the world's largest cannabis retail shop on the Las Vegas Strip, and the "SuperStore" banked $5 million in sales each month over the quarter.

Over the past 12 months, MedMen's share price has declined more than 30%.

The Massachusetts-based company posted revenues of $35.3 million, a 10 per cent improvement over last quarter and nearly four times the $9.1 million sales it generated a year ago.

The Florida-based cannabis firm has dozens of medical dispensaries in the company's home state, which continues to drive its revenues.

While earnings growth cooled off, the company's retail footprint expanded and helped generate more than half of its US$21.7 million net sales.